Eaton Corp Plc (ETN) Shares Declined While Wbi Investments INC Has Trimmed Its Holding by $9.14 Million

July 14, 2018 - By Darrell Taylor

Eaton Corporation plc (NYSE:ETN) LogoInvestors sentiment decreased to 0.96 in Q1 2018. Its down 0.19, from 1.15 in 2017Q4. It worsened, as 56 investors sold ETN shares while 302 reduced holdings. 76 funds opened positions while 266 raised stakes. 334.54 million shares or 0.90% more from 331.54 million shares in 2017Q4 were reported. The California-based Wespac Limited Com has invested 1.66% in Eaton Corporation plc (NYSE:ETN). Aviva Public Ltd reported 224,454 shares stake. The West Virginia-based Wesbanco Bancshares has invested 0.2% in Eaton Corporation plc (NYSE:ETN). Atria Investments Limited Liability Co stated it has 37,368 shares. Palouse Capital Inc reported 86,070 shares. Cypress Asset Management Tx accumulated 30,480 shares or 0.71% of the stock. Usca Ria Ltd Liability Corporation has invested 1.03% in Eaton Corporation plc (NYSE:ETN). Cue Financial reported 0.42% in Eaton Corporation plc (NYSE:ETN). Georgia-based Synovus Financial Corporation has invested 0.14% in Eaton Corporation plc (NYSE:ETN). Neville Rodie & Shaw owns 8,475 shares or 0.07% of their US portfolio. Schwab Charles Management stated it has 2.86 million shares or 0.18% of all its holdings. Parsons Inc Ri reported 3,485 shares. 40,346 were reported by Dt Invest. Martin Currie Ltd stated it has 0.77% of its portfolio in Eaton Corporation plc (NYSE:ETN). Cap Ca accumulated 36,400 shares.

Wbi Investments Inc decreased its stake in Eaton Corp Plc (ETN) by 41.37% based on its latest 2018Q1 regulatory filing with the SEC. Wbi Investments Inc sold 115,668 shares as the company’s stock declined 4.87% with the market. The institutional investor held 163,928 shares of the technology company at the end of 2018Q1, valued at $13.10 million, down from 279,596 at the end of the previous reported quarter. Wbi Investments Inc who had been investing in Eaton Corp Plc for a number of months, seems to be less bullish one the $34.00 billion market cap company. The stock increased 1.16% or $0.89 during the last trading session, reaching $77.76. About 1.43M shares traded. Eaton Corporation plc (NYSE:ETN) has risen 1.24% since July 14, 2017 and is uptrending. It has underperformed by 11.33% the S&P500.

Wbi Investments Inc, which manages about $2.52B and $1.95 billion US Long portfolio, upped its stake in Spdr Ser Tr (SJNK) by 2.62M shares to 6.42M shares, valued at $175.85 million in 2018Q1, according to the filing. It also increased its holding in Absolute Shs Tr (WBIH) by 453,718 shares in the quarter, for a total of 5.96 million shares, and has risen its stake in Church & Dwight Inc (NYSE:CHD).

Analysts await Eaton Corporation plc (NYSE:ETN) to report earnings on August, 7. They expect $1.30 earnings per share, up 13.04 % or $0.15 from last year’s $1.15 per share. ETN’s profit will be $568.48M for 14.95 P/E if the $1.30 EPS becomes a reality. After $1.10 actual earnings per share reported by Eaton Corporation plc for the previous quarter, Wall Street now forecasts 18.18 % EPS growth.

Another recent and important Eaton Corporation plc (NYSE:ETN) news was published by Seekingalpha.com which published an article titled: “Deutsche Bank weighs in on industrials” on July 12, 2018.

Eaton Corporation plc (NYSE:ETN) Ratings Coverage

Among 13 analysts covering Eaton Corporation (NYSE:ETN), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Eaton Corporation has $102.0 highest and $77.0 lowest target. $86’s average target is 10.60% above currents $77.76 stock price. Eaton Corporation had 19 analyst reports since January 19, 2018 according to SRatingsIntel. As per Tuesday, April 10, the company rating was upgraded by Goldman Sachs. The stock of Eaton Corporation plc (NYSE:ETN) has “Buy” rating given on Monday, March 26 by Jefferies. The rating was upgraded by Bank of America on Thursday, March 8 to “Neutral”. The stock has “Hold” rating by Jefferies on Thursday, February 1. The stock of Eaton Corporation plc (NYSE:ETN) earned “Equal-Weight” rating by Barclays Capital on Wednesday, May 2. J.P. Morgan upgraded the stock to “Hold” rating in Thursday, March 1 report. On Friday, May 18 the stock rating was upgraded by Bank of America to “Buy”. The stock of Eaton Corporation plc (NYSE:ETN) earned “Hold” rating by RBC Capital Markets on Thursday, February 1. The stock of Eaton Corporation plc (NYSE:ETN) earned “Buy” rating by Stifel Nicolaus on Tuesday, April 3. The rating was upgraded by JP Morgan on Thursday, March 1 to “Neutral”.

Eaton Corporation plc (NYSE:ETN) Ratings Chart

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